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Segment Information - Summary of underwriting income or loss by segment (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
segment
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Segment Reporting Information [Line Items]          
Number of segments | segment     3    
Gross premiums written $ 5,440 $ 4,527 $ 16,755 $ 14,152  
Premiums ceded (1,393) (1,172) (4,842) (3,945)  
Net premiums written 4,047 3,355 11,913 10,207  
Change in unearned premiums (77) (107) (956) (1,111)  
Net premiums earned 3,970 3,248 10,957 9,096  
Other underwriting income 5 5 20 21  
Losses and loss adjustment expenses (2,403) (1,647) (5,958) (4,609)  
Acquisition expenses (681) (575) (1,921) (1,669)  
Other operating expenses (353) (310) (1,062) (942)  
Underwriting income (loss) 538 721 2,036 1,897  
Net investment income 399 269 1,090 710  
Net realized gains (losses) 169 (248) 358 (354)  
Equity in net income (loss) of investment funds accounted for using the equity method 171 59 437 176  
Other income (loss) 8 (4) 30 10  
Corporate expenses [1] (19) (20) (88) (69)  
Transaction costs and other [1] (30) 0 (55) (2)  
Amortization of intangible assets (88) (24) (136) (71)  
Interest expense (35) (34) (104) (99)  
Net foreign exchange gains (losses) (63) 22 (31) (1)  
Income (loss) before income taxes and income (loss) from operating affiliates 1,050 741 3,537 2,197  
Income tax expense (benefit) (98) (72) (296) (203)  
Income (loss) from operating affiliates 36 54 136 115  
Net income available to Arch 988 723 3,377 2,109  
Preferred dividends (10) (10) (30) (30)  
Net income (loss) available to Arch common shareholders $ 978 $ 713 $ 3,347 $ 2,079  
Underwriting Ratios          
Loss ratio 60.50% 50.70% 54.40% 50.70%  
Acquisition expense ratio 17.20% 17.70% 17.50% 18.30%  
Other operating expense ratio 8.90% 9.50% 9.70% 10.40%  
Combined ratio 86.60% 77.90% 81.60% 79.40%  
Goodwill and intangible assets $ 1,486 $ 739 $ 1,486 $ 739 $ 731
Operating segments | Insurance          
Segment Reporting Information [Line Items]          
Gross premiums written [2] 2,341 2,043 6,569 5,977  
Premiums ceded [2] (521) (521) (1,649) (1,564)  
Net premiums written 1,820 1,522 4,920 4,413  
Change in unearned premiums (55) (110) (226) (416)  
Net premiums earned 1,765 1,412 4,694 3,997  
Other underwriting income 0 0 0 0  
Losses and loss adjustment expenses (1,087) (812) (2,789) (2,276)  
Acquisition expenses (308) (269) (872) (778)  
Other operating expenses (250) (202) (718) (592)  
Underwriting income (loss) $ 120 $ 129 $ 315 $ 351  
Underwriting Ratios          
Loss ratio 61.60% 57.50% 59.40% 57.00%  
Acquisition expense ratio 17.40% 19.10% 18.60% 19.50%  
Other operating expense ratio 14.10% 14.30% 15.30% 14.80%  
Combined ratio 93.10% 90.90% 93.30% 91.30%  
Goodwill and intangible assets $ 1,025 $ 220 $ 1,025 $ 220  
Operating segments | Reinsurance          
Segment Reporting Information [Line Items]          
Gross premiums written [2] 2,763 2,138 9,171 7,142  
Premiums ceded [2] (818) (576) (3,013) (2,145)  
Net premiums written 1,945 1,562 6,158 4,997  
Change in unearned premiums (53) (19) (820) (781)  
Net premiums earned 1,892 1,543 5,338 4,216  
Other underwriting income 2 2 5 9  
Losses and loss adjustment expenses (1,317) (870) (3,206) (2,379)  
Acquisition expenses (374) (304) (1,050) (875)  
Other operating expenses (54) (61) (193) (203)  
Underwriting income (loss) $ 149 $ 310 $ 894 $ 768  
Underwriting Ratios          
Loss ratio 69.60% 56.40% 60.10% 56.40%  
Acquisition expense ratio 19.80% 19.70% 19.70% 20.70%  
Other operating expense ratio 2.90% 3.90% 3.60% 4.80%  
Combined ratio 92.30% 80.00% 83.40% 81.90%  
Goodwill and intangible assets $ 113 $ 132 $ 113 $ 132  
Operating segments | Mortgage          
Segment Reporting Information [Line Items]          
Gross premiums written [2] 339 347 1,020 1,037  
Premiums ceded [2] (57) (76) (185) (240)  
Net premiums written 282 271 835 797  
Change in unearned premiums 31 22 90 86  
Net premiums earned 313 293 925 883  
Other underwriting income 3 3 15 12  
Losses and loss adjustment expenses 1 35 37 46  
Acquisition expenses 1 (2) 1 (16)  
Other operating expenses (49) (47) (151) (147)  
Underwriting income (loss) $ 269 $ 282 $ 827 $ 778  
Underwriting Ratios          
Loss ratio (0.40%) (12.10%) (4.00%) (5.30%)  
Acquisition expense ratio (0.40%) 0.60% (0.10%) 1.80%  
Other operating expense ratio 15.60% 16.20% 16.30% 16.70%  
Combined ratio 14.80% 4.70% 12.20% 13.20%  
Goodwill and intangible assets $ 348 $ 387 $ 348 $ 387  
[1] Certain expenses have been excluded from ‘corporate expenses’ and reflected in ‘transaction costs and other.’
[2] Certain assumed and ceded amounts related to intersegment transactions are included in individual segment results. Accordingly, the sum of such transactions for each segment does not agree to the total due to eliminations.